Vikram Solar Ltd

Vikram Solar Ltd

Initial public offering of up to [*] equity shares of face value of Rs.10 each ("equity shares") of Vikram Solar Limited ("The Company" or "Company" or "Issuer") for cash at a price of Rs.[*] per equity share ("offer price") aggregating up to Rs.[*] crores (The "offer") comprising of a fresh issue of up to [*] equity shares aggregating up to Rs. 1500.00 crores by the company ("fresh issue") and an offer for sale of up 17,450,882 equity shares aggregating up to Rs.[*] crores ("offer for sale") comprising of up to 2,500,000 equity shares aggregating up to Rs.[*] crores by Gyanesh Chauhary, up to 5,000,000 equity shares aggregation up to Rs.[*] crores by Vikram Capital Management Private Limited and up to 9,950,882 equity shares aggregation up to Rs.[*] crores by Anil Chaudhary, collectively referred to as the "selling shareholders", and such equity shares, the "offered shares"). The offer includes a reservation of up to [*] equity shares, aggregation up to Rs.[*] crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (The "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute [*]% and [*]% respectively, of the post-offer paid-up equity share capital of the company. The company in consultation with the book running lead managers, may offer a discount of up to Rs.[*] of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). The company may, in consultation with the book running lead managers, consider a further issue of specified securities through a private placement, preferential offer or any other method as may be permitted under applicable law to any person(s) for cash consideration aggregation up to Rs.300.00 crores ("pre-ipo placement"). The pre-ipo placement will be at a price to be decided by the company, in consultation with the book running lead managers and the pre-ipo placement, if any, will be undertaken prior to filing of the red herring prospectus with the Roc. If the pre-ipo placement is completed, the size of the fresh issue will be reduced by the amount raised from the pre-ipo placement and the minimum offer size shall constitute at least 10% of the post-offer paid-up equity share capital of the company, in compliance with rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects of the fresh issue in compliance with applicable law. Prior to the completion of the offer and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and prospectus. The face value of equity shares is Rs. 10 each and the offer price is [*] times the face value of equity share. The price band, the minimum bid lot and employee discount, if any, shall be decided by the company in consultation with the book running lead managers.